When customers make purchases with a national credit card the retailer
A) is responsible for maintaining customer accounts.
B) is not involved in the collection process.
C) absorbs any losses from uncollectible accounts.
D) receives cash equal to the full price of the merchandise sold from the credit card company.

Question

Quizplus · Accepted Answer

When customers make purchases with a national credit card, the retailer is not involved in the collection process. The credit card company handles the collection of payments from customers, relieving the retailer of this responsibility.

When Customers Make Purchases with a National Credit Card the Retailer